USD/CAD – 30M – SELLThe combination US Dollar/Canadian Dollar (USD/CAD) goes from the descending trendline down.
A continuation of the downward movement downwards to the next support line at 1.40515 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.40791 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.40819 |
| 2nd High | 1.40796 |
| Next High | 1.40791 |
| Current Price | 1.40680 |
| Next Low | 1.40515 |
| 2nd Low | 1.40089 |
| 3rd Low | 1.39847 |